News

Taiwan targets 24.7–27.9 GW offshore wind by 2039, raising its annual goal from 1.5 to 2 GW to meet surging AI and semiconductor electricity demand—though port capacity and supply chain gaps remain key hurdles.

Taiwan’s first generation of onshore wind farms is entering a renewal cycle, with more than 300 MW of capacity requiring life extension or repowering over the next decade.

Shinfox Energy’s USD 1.8 billion EPC contract for Taipower’s Phase 2 offshore wind project ultimately exposed the financial risks of offshore wind developments after the company was delisted.

Gulf Energy operates 247 MW in Vietnam and is evaluating new LNG and wind projects. The company targets 40%+ renewables by 2033 and completed an USD 18.2B merger with Intouch to enter data centers.

Vietnam’s electricity demand is rising rapidly. In late March, daily power consumption surpassed 1 billion kWh for the first time.

Vietnam’s northern province of Quang Ninh has reported a series of positive developments in its wind power sector. The province’s first offshore wind project, Quang Ninh 4 Wind Power Plant, received in-principle approval from the government on May 11.

Under the dual pressures of energy security and the net zero transition, Japan is placing a major bet on offshore wind, targeting up to 45 GW of installed capacity by 2040.

Now one of the most established offshore wind markets in Asia-Pacific outside China, Taiwan has attracted billions of dollars in investment and built a robust project pipeline.

Investment demand for data centers in Yokohama is set to surge, including plans for a large-scale floating data center spearheaded by Japanese shipping heavyweight NYK Line in a cross-sector move.

This week’s ASEAN sustainability highlights cover clean energy investment, ESG transformation in electronics, and the accelerating EV supply chain.